How much does a Loan Processor make in New York, NY?
A Loan Processor in New York, NY, earns an average yearly salary of $56,677. This salary can vary based on experience, skills, and the specific company. Many Loan Processors in the area earn between $45,727 and $68,909 annually. This range shows that there are good opportunities for those who work hard and develop their skills.
Several factors can influence a Loan Processor's salary in New York, NY. These include the size of the company, the type of loans processed, and the individual's level of expertise. For example, those with more experience or specialized skills may earn more. Also, larger companies often offer higher salaries and better benefits. Job seekers should look for roles that match their skills and experience to maximize their earning potential.
What are the highest paying cities for a Loan Processor near New York, NY?
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San Francisco, CA
Average Salary: $78,171
In San Francisco, you can find loan processing roles in major financial institutions like Wells Fargo and Chase. The city's tech-savvy environment offers a dynamic work setting. Professionals here enjoy a blend of urban living and a strong job market.
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San Diego, CA
Average Salary: $62,137
San Diego offers loan processing jobs in a variety of financial firms, including Bank of America. The city's mild climate and beautiful beaches make it an attractive place to work. Employees benefit from a supportive community and a growing economy.
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Seattle, WA
Average Salary: $61,683
Seattle is home to many companies that need loan processors, such as U.S. Bank and Washington Mutual. The city's vibrant culture and tech industry presence create a unique work environment. Professionals here enjoy a mix of outdoor activities and a strong job market.
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Los Angeles, CA
Average Salary: $59,613
Los Angeles offers loan processing positions in large banks like Citibank and Capital One. The city's diverse culture and entertainment industry provide a lively work atmosphere. Employees benefit from a bustling job market and a wide range of recreational activities.
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San Jose, CA
Average Salary: $58,044
San Jose is a hub for loan processing jobs, with companies like JPMorgan Chase and Silicon Valley Bank. The city's tech-driven economy offers a dynamic work environment. Professionals here enjoy a mix of innovation and a strong job market.
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Philadelphia, PA
Average Salary: $57,701
Philadelphia offers loan processing roles in financial institutions like PNC Bank and TD Bank. The city's rich history and vibrant culture create a unique work setting. Employees benefit from a strong job market and a variety of cultural attractions.
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Boston, MA
Average Salary: $56,721
Boston provides loan processing jobs in major banks like Bank of America and State Street. The city's historic charm and educational institutions offer a distinctive work environment. Professionals here enjoy a strong job market and a wealth of cultural activities.
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Denver, CO
Average Salary: $56,000
Denver offers loan processing positions in companies like U.S. Bank and Wells Fargo. The city's outdoor lifestyle and growing economy create a vibrant work environment. Employees benefit from a strong job market and a variety of outdoor activities.
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Charlotte, NC
Average Salary: $55,902
Charlotte is a hub for loan processing jobs, with companies like Bank of America and Wells Fargo. The city's financial sector and growing economy offer a dynamic work setting. Professionals here enjoy a strong job market and a variety of cultural attractions.
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Columbus, OH
Average Salary: $53,630
Columbus offers loan processing roles in financial institutions like Huntington Bank and Fifth Third Bank. The city's diverse culture and growing economy create a vibrant work environment. Employees benefit from a strong job market and a variety of recreational activities.
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What are the best paying companies for a Loan Processor in New York, NY?
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Quorum Federal Credit Union
Average Salary: $55,280
Quorum Federal Credit Union offers competitive salaries for Loan Processors. They focus on providing excellent customer service and have branches across New York, including Manhattan and Brooklyn. Their Loan Processors work in a dynamic environment that values teamwork and efficiency.
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Royal Funding Group
Average Salary: $38,000
Royal Funding Group provides a solid salary for Loan Processors. They are known for their supportive work culture and have offices in New York City. Loan Processors at Royal Funding Group handle various aspects of loan processing, ensuring smooth transactions for clients.
What are the best paying Loan Processor related jobs in New York, NY?
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Funding Specialist
Average Salary: $146,279
This role involves ensuring all loan documents are correct before closing. They work closely with underwriters and loan officers. Companies like Chase and Citi often hire for these positions.
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Mortgage Loan Originator
Average Salary: $136,664
They help clients find the right mortgage. They explain loan options and guide clients through the application process. Firms like JPMorgan Chase and Goldman Sachs look for skilled originators.
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Underwriter
Average Salary: $132,659
Underwriters assess the risk of lending money. They review loan applications and decide if a loan should be approved. Major banks in New York, such as Bank of America, need experienced underwriters.
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Processing Manager
Average Salary: $112,145
They oversee the loan processing team. They ensure all loans are processed correctly and on time. Companies like Wells Fargo and HSBC often hire managers for these roles.
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Credit Analyst
Average Salary: $111,798
Credit analysts evaluate the creditworthiness of loan applicants. They review financial information and make recommendations. Financial institutions like Morgan Stanley and Goldman Sachs seek qualified analysts.
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Loan Servicing Specialist
Average Salary: $88,756
They handle customer service for loan accounts. They answer questions and help with loan payments. Banks like Citibank and Capital One need servicing specialists.
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Post Closer
Average Salary: $82,706
Post closers finalize loans after underwriting. They ensure all documents are signed and processed. Companies like Chase and Bank of America look for detail-oriented post closers.
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Collections Specialist
Average Salary: $67,043
They contact borrowers who miss payments. They work to recover overdue amounts. Collection agencies and banks in New York hire specialists for these tasks.
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